Bitcoin's decline last week had a negative impact on the entire market. Former White House Communications Director, Anthony Scaramucci, called the drops "Cheap week".
Stating that such decreases have come due to the rumors circulating in the form of the new variant of COVID-19, Scaramucci described these days as a great buying opportunity.
Stating that great gains can be made from these decreases, the analyst made the following statements:
“This is a buying opportunity. Black Friday and everything is on sale”
Saying that crypto money investors should stay calm and not panic sell, Scaramucci believes that the future is in cryptocurrencies.
Expressing that long-term investors will always gain, the famous analyst used the following words:
“If you believe in long-term fundamentals like we do, it's time to buy. I just think it's risky right now. The volatility of Bitcoin and other crypto assets is driving people away from the industry.”
Expressing that crypto money investors were dismissed by saying "Investing in crypto money is risky", Scaramucci said that one should not trust anyone's word. And he stated that they should keep their cryptocurrencies.
Ricardo Salinas Pliego, a major Mexican billionaire, also argues that investors should never panic sell.
Stating that the cryptocurrencies in the top 100 may come to a much better place in the future, Ricardo says that the US dollar will continue to depreciate in the coming days due to the monetary policy implemented by the US Government.